What are the requirements for becoming a successful business enterpreneur

Chommyluv

Member
The requirements for becoming a successful business owner among other include, be discipline in your decision making. You have to lead by example to ensure that the customers and the employees a properly taking care of. As a business owner you need to be focus and have a wining spirit, also you should acquire a full knowledge on business management.
 

sincerem

VIP Contributor
Their are too many requirements out there which will make an entrepreneur a proven business person. It depends on your aim, and strategies/techniques you adopt running the business. But remember, you must be passionate about the business selection before giving it a go. Starting a business you don't have drive for, doesn't live a long time. Everything isn't all about money. Unless you want to partner with proven business persons, and be part of their stakeholders, to earn as profit comes by.
 

btaliat

VIP Contributor
The very first thing a business owner had to do is to love what he is doing. There are some business owners that are into a particular business because of the money. This set of business owners may not really make impact. Passion should come first when it comes to business, then determination should be the key to one's goal as a business owner.
 

Alexandoy

VIP Contributor
In my experience you cannot list down the requirements for an entrepreneur to be successful. Business is always a case to case basis. If I succeeded in a retailing business then we cannot say that you can also succeed if you imitate what I have been doing. My take on business is to play it by ear so that you can always adapt to the situation.
 

Adetayo100

Active member
Here are some of the few qualities you need in order to become a successful entrepreneur which are having a bold and audacious mind, be ready to make some bold move in your career or business, also not afraid of taking risks is also one the qualities you must have an entrepreneur. You must also be a focused individual and also be patient.
 

Briangsam

Active member
Entrepreneurs they say are the lifeblood of the economy. So you must be prepared and have the kind of tenacity which is required to take a business idea from the realms of the mind and transform it into a profitable business. Fear of failure is one reasons why many entrepreneurs fall by the wayside. You must have a business plan, a good location and a sale funnel.
 

Henrylaw

New member
A successful business entrepreneur is a calculative risk taker. He or she is persistent and focused individual. A successful entrepreneur should possess skills centered on business management and customer satisfaction. He or she must be updated about the current business and financial trends in the market. He or she must have leadership skills. He or she must be ready to analyze problems and solve them within a specified time.
 

Teatea

Active member
An entrepreneur that wants to be successful must be skilled too. Before going into business, after getting the particular idea, get the needed skill, if you have to pay to learn, then pay and make sure you're perfect and can deliver anything requested by the clients.
An entrepreneur that wants to be successful must be focused as well.
 

Dorcey

New member
Success those not comes easily or at ease it comes with hardwork and consistency, you have to be determined and focused on your business so as not fail or flop.
 
A business entrepreneur is person who sets up a business or businesses, taking on financial risks in the hope of profit. He or she should posses some certain qualities and characters such as:
• motivation and passion : No one can achieve anything if they do not have the passion for reaching that goal. As a result of this absolute passion, motivation starts to create in an entrepreneur’s mind as he takes on new tasks and learns new things in order to reach that goal.
• self-discipline : This is one of the most essential characteristics of a successful entrepreneur. If an entrepreneur is able to accomplish essential tasks (whether he is feeling up to it or not), then he will be able to achieve higher success.
• risk taking ability : Entrepreneurship is all about taking risks. Entrepreneurs have the ability to take greater risks to achieve greater success, but not all risk-takers are successful entrepreneurs.
• creative thinking
•persistence
 

eojo2401

Active member
To be successful in your business or career, one needs to be committed, dedicated, consistent, considerate, focus, accountable and have a clear vision on where he is going. Not just jacked of all trades or try an error business men. On your way to success, you may meet some challenges, don't run away from such challenges but try to provide a lifetime solutions to those problems because problems always envelop greatness.
 

Chibson

VIP Contributor
There are many qualities that makes an enterprenuer a qualified enterprenuer. Any enterprenuer who is not disciplined enough to handle the affairs of the business and also the finance is associated with his business is surely bound to fail. Every entrepreneur must understand that failure must occur in certain stages of his business sojourn, so resistance and perseverance is one of the most important qualities of a good entrepreneur.
 

Kingsley

Valued Contributor
To be a successful entrepreneur, one must be very disciplined and i see consisten as another watech words. We must consider our target market carefully, and make sure we Sight our business in the right location. And consider how to general capital and i mean working capital.
 
D

Deleted member 27126

Guest
A business entrepreneur is person who sets up a business or businesses, taking on financial risks in the hope of profit. He or she should posses some certain qualities and characters such as:
• motivation and passion : No one can achieve anything if they do not have the passion for reaching that goal. As a result of this absolute passion, motivation starts to create in an entrepreneur’s mind as he takes on new tasks and learns new things in order to reach that goal.
• self-discipline : This is one of the most essential characteristics of a successful entrepreneur. If an entrepreneur is able to accomplish essential tasks (whether he is feeling up to it or not), then he will be able to achieve higher success.
• risk taking ability : Entrepreneurship is all about taking risks. Entrepreneurs have the ability to take greater risks to achieve greater success, but not all risk-takers are successful entrepreneurs.
• creative thinking
•persistence
It takes a lot of things to become a successful business person. Sometimes, when we look at people who have become successful in their respective line of business, we do wish we were them but we hardly think about the sacrifices they made before the climbed to the top. Business requires you to think, think, and think. You are expected to be able to control yourself financially, have a specific budget and do not spend extravagantly. Also, like you have said, risk taking is another great way to become successful in business.
 

Georgeadawara

Active member
The process of becoming a successful enterpernuer They are many things to do in order to become successful. One you need to have a self discipline, having a focus on what you are taget and a good determination for someone to you need to have all the necessary need to groom up your business And having and capital can help.
 

Olajidey

Active member
To become a successful entrepreneur you have to work hard to have a great product is not enough, you have to find a way how the goods will reach your customer, you don't have to wait for them to come and meet you. You have to satisfy your customer always and make sure you don't give out your product on credit.
 

Ekuvero

Active member
They aren't really no requirement to became an entrepreneur it all boils down on you, how passionate are you about line of business or vocation. You must have a vision about the business and the passion to achieve your dreams you don't just jump into any business except you are ready to crash the business that's why is good to do market research about your line of business the inflow, profit margin, supply and demands of the commodity. He must be a risk taker and be ready to let go of capital which he doesn't plan to use. He must be focus, persistence, full of vision, goals, zeal for its line of business
 

sincerem

VIP Contributor
We all know that an entrepreneur is a calculative risk taker, he doesn't just venture into business to fulfil the purposes of having one. No, he ventured into the business with discipline and a vision to drive his business higher by taking calculated risks that won't be detrimental enough when failed to succeed at first time trial. A good entrepreneur always examines, calculates better before venturing into business.
 
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